China's largest coke company set up

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 ◆ China's largest coke company set up

The Shanxi Provincial Coke Group Co., Ltd. was recently established in Taiyuan, capital of north China's Shanxi Province, becoming the largest of its kind in the country.

The group is a result of the restructuring of major coke producers and dealers in Shanxi, the country's largest coal and coke producer, according to official sources.

Currently, the group has an annual capacity of 6 million tons, but by 2005 it is expected to become the world's largest coke producer with its capacity reaching 30 million tons. Many other local coke companies would join the group in the years ahead, the sources noted.

The group has been authorized by the provincial government to monopolize coal exports in the province, so it can compete on the international coke market.

Shanxi exports some 10 million tons of coke a year, compared with the world's annual coke trade of 22 million tons.